Loading ...The S&P local lagged the Dow and Gold
The ratio of gold (Xau) to the Dow Jones Industrial Average (DJIA) was approximately 0.97 in January 1980, and the ratio of gold to the S&P 500 index was approximately 8.17.
Step 1: Gather necessary data
The approximate values for the indices and gold price at the end of January 1980 were:
- Gold Price: approximately $850 per ounce (a peak price reached in January 1980).
- Dow Jones Industrial Average (DJIA): approximately 875.85 on January 31, 1980.
- S&P 500: approximately 104.09 on January 31, 1980.